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Hong Kong version of the National Security Law | US or Sanctions on Chinese Assets in the US Liu Yeqiang: Can speed up RMB internationalization

2020-05-30T14:38:50.652Z

The National People's Congress passed the vote on the "Hong Kong version of the National Security Law" by a high number of votes this Thursday, and it will authorize the Standing Committee of the National People's Congress to handle the relevant legislative work. Liu Yeqiang, chairman of the New Territories Township Council, held a press conference today (30th) to firmly support the NPC ’s decision and criticized the anti-revision demonstrations in the past year for impacting social order. Beijing ’s initiative to legislate to maintain the national security “filler” is duty-bound. Regarding US President Trump's accusation that the special treatment in Hong Kong will be cancelled, Liu criticized it as a brutal act, and sanctions have caused greater losses to the United States. For someone who said that the US or restricting Chinese companies cannot settle in US dollars, Liu Yeqiang believes that the RMB can be accelerated globalization.



Political situation

Written by: Chen Chuolan

2020-05-30 13:09

Last update date: 2020-05-30 13:09

The National People's Congress passed the vote on the "Hong Kong version of the National Security Law" by a high number of votes this Thursday, and it will authorize the Standing Committee of the National People's Congress to handle the relevant legislative work. Liu Yeqiang, chairman of the New Territories Township Council, held a press conference today (30th) to firmly support the NPC ’s decision and criticized the anti-revision demonstrations in the past year for impacting social order. Beijing ’s initiative to legislate to maintain the national security “filler” is duty-bound.

Regarding US President Trump's accusation that the special treatment in Hong Kong will be cancelled, Liu criticized it as a brutal act, and sanctions have caused greater losses to the United States. For someone who said that the US or restricting Chinese companies cannot settle in US dollars, Liu Yeqiang believes that the RMB can be accelerated globalization.

. Liu Yeqiang, chairman of the New Territories Township Council, held a press conference today (30th) to firmly support the NPC ’s decision and criticized the anti-revision demonstrations in the past year for impacting social order. Beijing ’s initiative to legislate to maintain the national security “filler” is duty-bound. (Photo by Yu Junliang)

Regarding U.S. President Trump ’s cancellation of special treatment for Hong Kong and sanctions against mainland and Hong Kong officials who have eroded Hong Kong ’s autonomy, Liu Yeqiang pointed out that he rarely went to the United States, did not worry about sanctions, and pointed out that many foreign countries are now "anti-China" , Urge foreign students to consider returning to China when they encounter the power of exclusion. Liu pointed out that many overseas listed companies plan to return to Hong Kong for listing. This is good news for the Hong Kong financial market. As for the US side, it may restrict Chinese companies from being able to settle in US dollars. Liu believes that the internationalization of the RMB can be accelerated. benefit.

Liu Yeqiang was asked if he would worry that the National Security Law would cause another social disturbance. Liu believed that the draft was only aimed at a small number of people, most of the people were not affected, and could continue to enjoy the rights and freedoms guaranteed by the Basic Law, including speech Freedom, one country, two systems, and a high degree of autonomy for Hong Kong people. I believe that after the legislation, demonstrations and conflicts will be reduced.

【Hong Kong version of National Security Law】 Analysis refers to the difficulty of US sanctions to shake Hong Kong's status as an international financial center

[Hong Kong version of National Security Law] Chen Maobo: US cancels special treatment in Hong Kong affects confidence more than reality

[Hong Kong version of the National Security Law] The United States will cancel its special status with Hong Kong Zhong Guobin: A big step forward

Hong Kong version of the National Security Law | The United States will cancel Hong Kong ’s special treatment Li Jiachao: The US threat will not succeed

Liu Yeqiang

Source: hk1

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